Business & Finance New Jersey (NJ) Rank #6 of 50

Financial Advisor Salary in New Jersey

The median financial advisor salary in New Jersey is $117,330 per year, which is 23.0% above the national median of $95,390.

Median Salary
$117,330
vs National
+$21,940
State Rank
#6 of 50
Cost of Living
115%

Financial Advisor Salary Overview in New Jersey (2026)

New Jersey ranks #6 out of 50 states for financial advisor compensation. This places New Jersey in the top tier nationally, making it one of the best states for financial advisors seeking high pay. At $117,330 per year, financial advisors in New Jersey earn $21,940 more than the national median of $95,390.

It's worth noting that New Jersey's cost of living is 115% of the national average, which reduces the real purchasing power of the $117,330 salary. After adjusting for cost of living, the effective salary is closer to $102,026.

The salary spread in New Jersey is significant: financial advisors at the 10th percentile earn $54,612, while those at the 90th percentile bring home $293,970 — a $239,358 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New Jersey for this role is Jersey City, where the median reaches $129,730.

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in New Jersey and beyond.

Financial Advisor Salary in New Jersey by Experience

In New Jersey, an entry-level financial advisor earns around $59,040, while experienced professionals earn up to $221,400 per year. The cost of living index in New Jersey is 115% of the national average.

Entry Level (0-2 yrs)
$59,040
+$11,040 vs national
Mid Level (3-7 yrs)
$116,850
+$21,850 vs national
Senior Level (8+ yrs)
$221,400
+$41,400 vs national

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Salary Percentiles in New Jersey

Percentile NJ Salary
10th Percentile $54,612
25th Percentile $76,752
Median (50th) $117,330
75th Percentile $183,270
90th Percentile $293,970

Financial Advisor Salary by City in New Jersey

The largest employment areas for financial advisors in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Advisor in New Jersey

Education

Most financial advisor positions require a bachelor's degree. New Jersey has several accredited institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook in New Jersey

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). New Jersey's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Advisor Salary in New Jersey

How much does a Financial Advisor make in New Jersey? ▼
The median financial advisor salary in New Jersey is $117,330 per year, which is 23.0% above the national median of $95,390. Salaries range from $54,612 (10th percentile) to $293,970 (90th percentile).
How much does a Financial Advisor make per hour in New Jersey? ▼
Based on the median annual salary of $117,330, a financial advisor in New Jersey earns approximately $56 per hour assuming a standard 2,080-hour work year.
Is New Jersey a good state for financial advisors? ▼
New Jersey ranks #6 out of 50 states for financial advisor pay. The cost of living index is 115% of the national average. Entry-level financial advisors earn $59,040, while senior professionals earn $221,400.
How does New Jersey compare to other states for financial advisor salary? ▼
The highest paying state for financial advisors is Hawaii at $162,163. New Jersey's median of $117,330 ranks #6 nationally. Nearby-ranked states include New York ($127,823) and Alaska ($118,284).
What is the entry-level financial advisor salary in New Jersey? ▼
An entry-level financial advisor in New Jersey earns approximately $59,040 per year. With 3-7 years of experience, pay increases to around $116,850. Senior-level professionals with 8+ years earn up to $221,400.
What city in New Jersey pays financial advisors the most? ▼
Jersey City is the highest paying city in New Jersey for financial advisors, with a median salary of $129,730. Other cities include Newark and Paterson.